Westlake (Westlake) Debt-to-Equity

: 0.54 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

Westlake's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $299 Mil. Westlake's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,218 Mil. Westlake's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10,241 Mil. Westlake's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Westlake's Debt-to-Equity or its related term are showing as below:

WLK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.6 Max: 1.09
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Westlake was 1.09. The lowest was 0.23. And the median was 0.60.

WLK's Debt-to-Equity is ranked worse than
65.23% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs WLK: 0.54

Westlake Debt-to-Equity Historical Data

The historical data trend for Westlake's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Westlake Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.65

0.71

0.54

Westlake Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.54	0.53	0.52	0.50	0.54

Competitive Comparison

For the Specialty Chemicals subindustry, Westlake's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Westlake Debt-to-Equity Distribution

For the Chemicals industry and Basic Materials sector, Westlake's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Westlake's Debt-to-Equity falls into.

Westlake Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westlake's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(299	+	5218)	/	10241
	=	0.54

Westlake's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(299	+	5218)	/	10241
	=	0.54

Westlake (NYSE:WLK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Westlake Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Westlake's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Westlake (Westlake) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Corp (NYSE:WLK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UEO:Germany

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.westlake.com

Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.

Executives

Robert F. Buesinger	officer: Sr. Vice President, Vinyls	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Tsung-hung Chao	director, 10 percent owner	1000 UPTOWN PARK BLVD. #34, HOUSTON TX 77056
Kimberly S Lubel	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: SVP, Ops - PEM & Corp Logistic	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Catherine T. Chao	director, 10 percent owner	5815 NE 32ND AVE, PORTLAND OR 97211
Carolyn Chao Sabat	director, 10 percent owner	3019 CHEVY CHASE DR., HOUSTON TX 77019
Albert Chao	director, officer: President and CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Roger L. Kearns	officer: EVP, Vinyls Chemicals	2801 POST OAK BLVD., HOUSTON TX 77056
L. Benjamin Ederington	officer: VP, General Counsel, Corp Secy	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	officer: Vice President/Treasurer	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: Vice President, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Andrew Kenner	officer: VP -- Manufacturing	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
George J Mangieri	officer: Vice President and Controller	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056